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Home My WebLink About1833 3. To Qtace and cantinuously keep on the buildings now a he~e+f~e~ ~~tuat~ o~ sa~d land and on ai! equipment and pcrsonslly covercd by thit mwtg- ~ ege, with ell premium~ thercon pa~d in full, fire insu.+ncs in the us~at standarJ Noticy form, in a sum appro~ed by the MOR(G.'IGEE, and windstorm ~nsur~nce in ths usua) standard pol~cy twm, in a sum ~pproved by the lNORTGAGfE, ir? iuch company o~ cw•npan~es as ~he MORTGAGEE may d~recl; ~nd all firo and windstorm insurance policie~ on ~ny of said bvild~ngs, any interest thrrein or part thereof, in ~1x aggrega~e sum ~fore~aid a ' in exceu thereof, shall conrain the usual standard mostgagae clauu a auch o~her cfause as the Mortgagac may requ~re, makiny ~l~e loss unda sa~d polr c~rs, eacA and cvery, p~yabte to wid A10RTGAGEE as its intercst niay appea?, and each and eve~y such poi~cy shall tx prompHy ass gned and detiverrd ~0 1 sny held by said MORIGAGEE as iu.~her se~urity to said mortgage debt, and, no1 leas ~han ten (10) days in advanc~ of the eapirat~on o! each po~icy, to de- Ilve~ ~o said MORTGAGEE a renewal thereof, togerher with a rece+pt fa ~he premium of such rcnewal; and there shall ba no f~re or windsiorm insuronce ptaced on any of said build~ngs, any intertst the~e~rt w part ~hercof, untess in the form and wi~h the loss payabte as afo~esaid; a~d in the evenf any sum of money becomes payaole undev such policy w policies said MORTGAGEE shalt have ~he op~lon to receive and appiy the sa»>e on accoum o( the i+~debted~ r.ess sr.ured te~reby w~o pe.mtt sald MORTGAGORS to receivs ind use it a any parl ihereof for o:i,cr purt oscs, v~~~hour ~h:n u~ .vai~i.i~ or ~~upair- ~ng any equity, lia? or righl under or by virtue of this mo:sgage; and in the event sa~d MORTGAGORS shatl for any reaso~ fai( to Arrp ~he sa~d premiscs so insured, or fail ro deliver promptiy any of said potKies o( inswance lo aaid MORTGAGEE, or fa~l promptly to pay Fully any pre~n~um thcrefor or in any respect fail w perfo.m, d~scharge, execute, effec~, complete, to+nply wi~h and abide by th~s cove~anf, or any part hereof, said MORTGAGEE may place and pay fot such insurance or any pa~t thereof w~~hout waiving or affecting any op~ion, iien, equ~ty, or r~ghr unde~ or by virtue of tkdc ~!!orfgage, and the fu11 amount of each and every sucR payment shall be immedistely due and payable and shall bea~ in!erest from tha date thereof un~il paid at the rote ol nine per centum per annum and to~ether with such inte~est shall be secured by the lien of this mo~tgage. 1. To permif, commit w sufier no waste, impairme~t or deterioration of said property or any part thereof. 5. To pay all and singuls~ the costs, ciwrges and expensea, including a reasonable attuney'a iee and costs of abstracts of title, i~curred or paid at any time by said MORTGAG:E, becauae or i~ the event of the failure on the pan of the said MORTGAGOR to duly, pra~tptly and fully perform, discharge, ~ execute, effM, complete, comply wiih and ab:de by each and eve?y fhe stipu!anons, agreemeros, condifions, and covenants oF sa~d promissory note and Ihis mxtgage any w either, and w~d cosri, charges and expenses, each and every, shall be irhmediately due and payable; whether a not there be notice de - mand, attempt to collect o~ suil pending; snd the full amount of each and every such paymenl shall bear interes~ irom the date thereof untit paid at the .a~e o; nine per centum per annum; and all said costa, charges and expenses ~ncuried or paid, together w~th such interesl, shall be secured by ihe lien of th~i ~ mort9age. 6. That (a) i~ the event of any breach of th:s Mwtgage or default on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money herein ~efevred to be not promptly and fully paid within fhirty (30) days next after the same severally become d~e and payable, without demand o? notite, or in tlu event each and every the atipufations, agreements, co~ditio~s and covenanis of sa:d promiswry note a~d th~s mo~Igage any w either are not ~uly, promprly and fu!ly performed, d~uharged, executed, effected, completed, compl~ed with and ab~ded 5y, fhen in e~ther w any such eve~t the said aq- gregate sum menrioned in said prom~sso~y note then remaining unpaid, with inferest accrued, and all moneys secured hereby, shall become due and pay- able futhwith, or thereaFter, at the option of said MORTGAGEE, as fully and completely as if a~l of the said sums of money were onginally stipulated + fo be pa:rl on such day, anything in sald promissory note or in this Mortgage to the contra.y notwithsrand;ng; and thereupon or thereafter at the option of sa~d MORTGAGEE, w~thout not~ce or demand, suit at law w in equity, the+e(we o+ thereaf~er begun, may be prosec~ted as if all moneys secured hereby nad mawred pr~or to ~ts institution, 7. That in the event that at the bagi~ntrg of w at any time pending any suit upon th~s Mortgage, or to ioreclose if, or to refwm it, or to e~force ~ paymeni oi any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~c~ion thereot fo~ the appointment of a Receiver, suth Court shall forthwith appoint a receiver of said mortgaged property all and aingular, incl~d~ng all and singular :':e income, profits, issues artd revenues from whatevtr f source derived, each and every of wh~ch, it beiny exp?essly unJerstood, is hereby mortgaged as if spec~fically set forth a~d dex.ibed in fhe granfing and habendum clavses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cou~1 to a Raceiver, and such appo~ntmen+ shatl be made by such Court as an admitted equity aM! a matrer of absolute r+gAt to said MORJGAGEE, and withoul reference to the ndequacy or inadrquacy oi the value of the property mongaged or lo the sotvency or insolvency of said MORiGAGOR w the defendants, and ihat such rert~s, profits, irxome, issues and revenues shall be applied- by svch Receiver accord~ng to the lien or equity of said MORiGAGEE and the pracrice oF such ; Court. , 8. To duly, promptly a~d fully periorm, discharge, exccute, effect, complete, comply with and abide by each and every the stipulatioru, agreements, , cond'+tqns and covenants in sa~d promissory note and thia mortgage xt forth. ~ 9. That in the event the ow~ership of the mortgaged premises, w any part thereof, becomes vesfed in a person other than the MORTGAGOR, the ~ MORTGAGEE, ita succeuo?s and auigns, msy, without notice to the MORTGAOR, deal with such succeuor w successo+ in interest with reference to this rnortgage and the debl hereoy secured in the same manner as wi!h Nbrtgagor without in any way vitiating a dixharg~ng the Mortgagors' liabiiity htre- under w upon the debt hereby secured. No saie of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successws or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its successors w auigns, ahall operate ' ro release, d~uharge, modify change or affect the original liability of the MOR~GAGOR Ixrein, either in whole or in part. _ i 10. It is spec~fically agreed tFat time is of the essence of this contract and thae no waiver of any obl;gat~on bereunder or of the obligstion se- ; cured horcby shall at any time thercafter be held to be a waiver of the terms hereof w of tlx instrument secured F~erby. ~ 11. In add.iio~ to the forego:ng monthly payments of prin~ pal and interest requ~red by the prom~sso?y no!e secured hereby, moriga~or covenants and ag~ees to pay to mo:tgagee with each momhiy payrnent an add~rional sum estimated by mortgagee to be equal to 1; 12 of the annual cost of the follow- in~: A-All real property taxes leiied w assessed against thc above described real estate. B-Prerr.~u=ns on fire and windsto:m ~nsvrar.ce as F~erein ~equ~red to be carried on the improvemeits situate on the above d~scribed premises. C-Premiums o~ such mortgage guaranty i~surance as mortgagee shail from r:me to time deem fit to carry on the loan setured hereby. Mortgagee sha!1 jrom time to rime norify mortgaga~ in writ~ng of the amovnt due and payable hereunder and such su:n shall thereupon be due and Fayable on the due date of the next monthty payment and each successive month thereafte~ ur.til mortgagee shall notify mprtgagor of a change in such a:n~nt. Such s~ms sF.ail be applied by mortgagee toward fhe payment ot reat prope.ty faxes, insurance prem;ums, a~~d mortgage guaranty insurance premiums. IN WITNESS WHER~OF, the said MOR AGOR has hereuri~ ,~Q~~a~~~~~~and year first aforesaid. s~ ai~a a d~i~~~ of: ST. LUCIE COUNTY: FLA: - REC4gQV~~g r ` se.n 1•`j csean f ~70 1'WI1 GO li17 ~Q • J (Seaq r Seap ; t` STATE OF FLORIDA ~,~L,~ ~ couNn oF St. Lucie RUGER P01T~3A.~ Joseph T. Mc~~~RK CIRCUIT COUR'~J 8efore me penonally appeared a~ ~ Dixie B. M~Gee his wife, fo rt+e well known and known to me to be the individwls desaibed in and who executed the foregoing instrumem, and ackrawledged before me that they exeated the same fw the purposes rr,~.~~~ ~xP.~,ed_ a,d rh~ taid Dixie B. McGee W~re ot t~,e ~;d Joseph T. McGee -,1 vpa!-• .sp..are a~d ~x~wa examination by me ta4en separate and apart from her said husband, adcnowtedged to and before me thaf sM executed said iMtw7nent frlely 1u~ volun- ~arily and w~thout any compulsion, consuaint, spprehensyi~ fear of or from her said husband. WITNESS my hand and officGal sea! tbis ~O , day of M l'1 :i9~~_ - v • r,.;~ . _ ~i;'5~... ? Notary Public i~ snd for the S aT~ ~ ~t+Lai~'~ - . My Commiss"ron expirss: h ~ . ~ • . :4~~~..`=Y' , ~ 7.~; : ` Retum To: y;,'~ ' First Federal Savings 3 loa~ Associat~on - . 4y+~~,.I~ f`_' ' Of Fort P;erce. , . Fort Pierce. Flwida ~ - 7his Instrument P~epared By u lchard K. Kayes f~-3 ~ 7 ~ First Federa! Savings 8 Loan Association of Fort Pierce, Florida Checked By,~- ~ oK 1,~3 PACE1831 - - i cf • ~,..t - _ ~ , , r._ ~ - ~ ti